Tag: energy substitution

Why China’s thermal coal demand remains supported despite demand peak concerns

Apr 28, 2026

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by

Yuvraj Chouhan

in Non Coking

Rising crude, unreliable wind power keep coal demand firm Coal consumption for chemicals rises 9% y-o-y in 2025 Chinese thermal coal prices (5500 kcal per kg, Qinhuangdao) rose 12% from RMB 689/t in January to RMB 773/t in April 2026, as per the China Coal Transportation and Distribution Association (CCTD). Inventories fell as power plants…